315 Meadow Pointe DrFentonMI48430
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 315 Meadow Pointe Dr, Fenton, MI, 48430 in Fenton deserves attention. This $238,900 property earns $2,090/mo in rent, a 10.5% gross yield, and nets $515/mo after the $1,074/mo payment. DSCR 1.95 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $66,004 compounds alongside $2,200/yr in yearly equity build, for a total cumulative return of $124,133.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 5.0% |
| Monthly Cash Flow | $515 | $350 |
City averages based on Fenton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,090 |
| Total Monthly Debt Service | $1,480 |
| DSCR Ratio | 1.41x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices